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Alpha Minerals Inc ESOFD



GREY:ESOFD - Post by User

Comment by bridgetonowhereon Sep 19, 2013 1:26pm
506 Views
Post# 21752076

RE:$6 million deal breaker fee

RE:$6 million deal breaker fee@infocounts - It's standard practice to have a break fee.  Until the deal is consummated by shareholders of AMW and FCU, a purchase offer from an unrelated company could always come in.  If AMW or FCU rejected the deal on the table in favour of a third company offer, then under the terms of the agreement they would be obligated to pay $6M to their counterparty (AMW or FCU) for breaking the agreement.  Very much like making a down payment on a house and then changing your mind - you lose the down payment for not closing the deal.
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